Unit 2 - Practice Quiz

PEA305 60 Questions
0 Correct 0 Wrong 60 Left
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1 The term "percent" literally means...

Percentage Easy
A. per thousand
B. per ten
C. per hundred
D. per unit

2 How is 50% expressed as a fraction in its simplest form?

Percentage Easy
A.
B.
C.
D.

3 What is 20% of 150?

Percentage Easy
A. 50
B. 15
C. 30
D. 20

4 Convert the decimal 0.25 into a percentage.

Percentage Easy
A. 0.25%
B. 2.5%
C. 250%
D. 25%

5 Express the fraction as a percentage.

Percentage Easy
A. 80%
B. 60%
C. 34%
D. 75%

6 10 is what percentage of 40?

Percentage Easy
A. 40%
B. 20%
C. 25%
D. 10%

7 If you score 15 out of 20 on a test, what is your score as a percentage?

Percentage Easy
A. 75%
B. 15%
C. 20%
D. 80%

8 What is 100% of 75?

Percentage Easy
A. 100
B. 0.75
C. 1
D. 75

9 If the Selling Price (SP) of an item is greater than its Cost Price (CP), the result is a...

Profit loss discount Easy
A. Discount
B. No profit, no loss
C. Profit
D. Loss

10 A loss occurs when...

Profit loss discount Easy
A. A discount is offered
B. Selling Price > Cost Price
C. Cost Price = Selling Price
D. Cost Price > Selling Price

11 The price at which an article is purchased is called the:

Profit loss discount Easy
A. Discounted Price
B. Marked Price (MP)
C. Cost Price (CP)
D. Selling Price (SP)

12 An item is bought for $100 and sold for $120. What is the profit?

Profit loss discount Easy
A. $120
B. $100
C. $20
D. $220

13 A bicycle is purchased for $200 and sold for $180. What is the loss?

Profit loss discount Easy
A. $20
B. $180
C. $200
D. $380

14 A discount is a reduction in price on the...

Profit loss discount Easy
A. Selling Price (SP)
B. Profit Margin
C. Cost Price (CP)
D. Marked Price (MP)

15 What is the Selling Price if the Marked Price is $50 and a discount of 10% is given?

Profit loss discount Easy
A. $40
B. $55
C. $5
D. $45

16 The formula for Profit Percentage is:

Profit loss discount Easy
A.
B.
C.
D.

17 If Cost Price = $500 and Selling Price = $500, then there is...

Profit loss discount Easy
A. No profit and no loss
B. A loss of $500
C. A profit of $500
D. A profit of 100%

18 If Cost Price = $80 and Profit = $20, what is the Selling Price?

Profit loss discount Easy
A. $80
B. $20
C. $100
D. $60

19 The price printed on an article's tag is known as the:

Profit loss discount Easy
A. Net Price
B. Cost Price (CP)
C. Selling Price (SP)
D. Marked Price (MP)

20 A student needs to score 40% to pass an exam. If the exam is out of 200 marks, what are the passing marks?

Percentage Easy
A. 40
B. 80
C. 100
D. 60

21 The price of sugar rises by 25%. By what percentage must a family reduce its consumption of sugar so that the expenditure on sugar remains the same?

Percentage Medium
A. 15%
B. 20%
C. 30%
D. 25%

22 A trader marks his goods at 40% above the cost price and allows a discount of 25% on the marked price. What is his actual gain percent?

Profit loss discount Medium
A. 12.5%
B. 10%
C. 15%
D. 5%

23 In an election between two candidates, one got 55% of the total valid votes. 20% of the total votes were declared invalid. If the total number of votes was 7500, find the number of valid votes that the other candidate received.

Percentage Medium
A. 2900
B. 3100
C. 3000
D. 2700

24 A shopkeeper offers two successive discounts of 10% and 20% on an item. If the selling price after discounts is $1440, what was the original marked price?

Profit loss discount Medium
A. $1950
B. $2000
C. $2100
D. $1800

25 Aman spends 30% of his income on food. Of the remaining, he spends 40% on rent and 50% on conveyance. If his monthly savings are $5400, what is his monthly income?

Percentage Medium
A. $30,000
B. $40,000
C. $36,000
D. $25,000

26 A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 900 grams for a 1 kg weight. Find his gain percent.

Profit loss discount Medium
A. 10%
B. 11.11%
C. 12.5%
D. 9%

27 In an examination, 70% of students passed in English and 65% passed in Mathematics. If 27% of students failed in both subjects, and 248 students passed in both subjects, what is the total number of students who appeared for the exam?

Percentage Medium
A. 450
B. 500
C. 400
D. 350

28 If the cost price of 15 articles is equal to the selling price of 12 articles, find the gain or loss percent.

Profit loss discount Medium
A. 25% gain
B. 20% loss
C. 25% loss
D. 20% gain

29 The value of a machine depreciates by 10% in the first year, 20% in the second year, and 30% in the third year. What will be its value after 3 years if its present value is $50,000?

Percentage Medium
A. $24,800
B. $27,000
C. $25,200
D. $30,000

30 A man sells two articles for $1955 each. On one, he gains 15% and on the other, he loses 15%. Find his overall gain or loss in the transaction.

Profit loss discount Medium
A. Gain of $90
B. Loss of $90
C. No profit, no loss
D. Loss of $85

31 If A's income is 40% less than B's income, by how much percent is B's income more than that of A?

Percentage Medium
A. 60%
B. 66.66%
C. 40%
D. 33.33%

32 A shopkeeper wishes to gain 12% after allowing a discount of 20% on the marked price. By what percentage should the marked price be above the cost price?

Profit loss discount Medium
A. 32%
B. 28%
C. 35%
D. 40%

33 A 40-liter mixture of milk and water contains 10% water. How many liters of water must be added to make the water content 20% in the new mixture?

Percentage Medium
A. 5 liters
B. 4 liters
C. 8 liters
D. 6 liters

34 A shopkeeper calculates his profit percentage on the selling price and claims it is 20%. What is his actual profit percentage (on the cost price)?

Profit loss discount Medium
A. 16.67%
B. 20%
C. 30%
D. 25%

35 A student multiplied a number by instead of . What is the percentage error in the calculation?

Percentage Medium
A. 64%
B. 54%
C. 36%
D. 45%

36 The manufacturing cost of an item is divided into raw material, labor, and overheads in the ratio 4:3:2. If the cost of raw material increases by 10%, labor cost by 20%, and overheads decrease by 30%, find the percentage change in the total cost.

Profit loss discount Medium
A. 3.33% decrease
B. 5% increase
C. 4.44% increase
D. No change

37 The population of a town was 160,000 three years ago. If it increased by 3%, 2.5%, and 5% in the last three years respectively, what is its present population?

Percentage Medium
A. 178,122
B. 177,366
C. 175,890
D. 176,544

38 A person buys goods worth $6000. He sells half of the goods at a gain of 10%. At what gain percent must he sell the remaining half to get a gain of 25% on the whole transaction?

Profit loss discount Medium
A. 25%
B. 35%
C. 30%
D. 40%

39 The value of a property depreciates by 10% every year. If its present value is $162,000, what was its value two years ago?

Percentage Medium
A. $196,000
B. $210,000
C. $180,000
D. $200,000

40 A fruit seller buys lemons at 2 for a dollar and sells them at 5 for three dollars. What is his gain percent?

Profit loss discount Medium
A. 30%
B. 50%
C. 40%
D. 20%

41 A dishonest dealer professes to sell his goods at cost price, but he uses a weight of 900g for a 1kg weight. To increase his profit further, he marks up his goods by 20%. What is his net profit percentage?

Profit loss discount Hard
A. 30%
B. 35.55%
C. 25%
D. 33.33%

42 In an examination, 70% of the candidates passed in English, 80% passed in Mathematics, and 10% failed in both subjects. If 144 candidates passed in both subjects, the total number of candidates was:

Percentage Hard
A. 375
B. 300
C. 240
D. 200

43 A shopkeeper marks his goods at a price such that after giving a discount of 12.5%, he makes a profit of 20%. If the cost price of the article is Rs. 1400, what is the marked price?

Profit loss discount Hard
A. Rs. 1800
B. Rs. 1680
C. Rs. 1920
D. Rs. 2000

44 The population of a city increases by in the first year, decreases by in the second year, and increases by in the third year. If the population after 3 years is 1,10,000, what was the initial population?

Percentage Hard
A. 1,00,000
B. 96,000
C. 1,44,000
D. 1,20,000

45 A man sells two articles. The selling price of the first is equal to the cost price of the second. The first is sold at a 20% profit, and the second is sold at a 20% loss. What is the overall profit or loss percentage?

Profit loss discount Hard
A. No profit, no loss
B. 4% loss
C. 4% profit
D. 2% profit

46 In an election between two candidates, 10% of the voters on the voter list did not cast their votes, and 60 votes were declared invalid. The successful candidate won by 460 votes and secured 47% of the total votes on the voter list. Find the total number of votes polled.

Percentage Hard
A. 8940
B. 8000
C. 9000
D. 10000

47 The profit earned by selling an article for Rs. 900 is double the loss incurred when the same article is sold for Rs. 450. At what price should the article be sold to make a 25% profit?

Profit loss discount Hard
A. Rs. 750
B. Rs. 600
C. Rs. 800
D. Rs. 650

48 A vessel has a 60-litre solution of acid and water having 80% acid. How much water must be added to make it a solution in which acid forms 60%?

Percentage Hard
A. 20 litres
B. 10 litres
C. 15 litres
D. 25 litres

49 A shopkeeper offers 'Buy 4, Get 1 Free' on an item. He also offers a further 10% discount on the total bill to a customer. What is the net effective discount percentage for the customer?

Profit loss discount Hard
A. 25%
B. 28%
C. 30%
D. 32%

50 Fresh grapes contain 90% water by weight, while dried grapes (raisins) contain 20% water by weight. From 20 kg of fresh grapes, how many kg of dried grapes can be obtained?

Percentage Hard
A. 2.5 kg
B. 2.2 kg
C. 2 kg
D. 2.4 kg

51 A trader marks his goods 50% above the cost price. He sells one-third of his stock at the marked price, half of the stock at a 20% discount on the marked price, and the rest at a 40% discount on the marked price. What is his overall profit percentage?

Profit loss discount Hard
A. 30%
B. 15%
C. 20%
D. 25%

52 If the radius of a sphere is increased by 10%, by what percentage will its surface area increase, and by what percentage will its volume increase?

Percentage Hard
A. 21% and 33.1%
B. 21% and 31.3%
C. 22% and 33.1%
D. 20% and 30%

53 A person bought two watches for Rs. 4800. He sold one at a loss of 15% and the other at a gain of 19%. If the selling price of both watches is the same, then the cost price of the watch sold at a loss is:

Profit loss discount Hard
A. Rs. 2600
B. Rs. 2400
C. Rs. 2800
D. Rs. 2200

54 A salesman's commission is 10% on all sales up to Rs. 10,000 and 5% on all sales exceeding this. He remits Rs. 48,500 to his company after deducting his commission. What were the total sales?

Percentage Hard
A. Rs. 51,000
B. Rs. 52,000
C. Rs. 51,500
D. Rs. 50,000

55 The cost price of 20 articles is the same as the selling price of articles. If the profit is 25%, then the value of is:

Profit loss discount Hard
A. 18
B. 15
C. 25
D. 16

56 A's salary is 40% of B's salary, and B's salary is 25% of C's salary. By what percentage is C's salary more than A's salary?

Percentage Hard
A. 900%
B. 100%
C. 1000%
D. 250%

57 A shopkeeper sells an item at a profit of 20%. If he had bought it at 10% less cost and sold it for Rs. 12 less, he would have gained 30%. What is the original cost price of the item?

Profit loss discount Hard
A. Rs. 800
B. Rs. 600
C. Rs. 400
D. Rs. 500

58 A student has to secure a minimum of 35% of the total marks to pass. He got 150 marks and failed by 25 marks. Another student scored 243 marks. What percentage of marks did the second student get?

Percentage Hard
A. 55.2%
B. 60.0%
C. 48.6%
D. 50.0%

59 An article is sold at a certain price. If it were sold at 80% of that price, there would be a loss of 10%. What is the percentage profit when the article is sold at the original selling price?

Profit loss discount Hard
A. 12.5%
B. 20%
C. 15%
D. 10%

60 The price of petrol increases by 25%. By what percentage must a car owner reduce his consumption so that his expenditure on petrol does not change?

Percentage Hard
A. 33.33%
B. 25%
C. 20%
D. 16.67%